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| Life Insurance>Online Life Insurance> Why Buy Online |
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Benefits of Buying Online |
It is fast and convenient
Life Insurance transactions are complex in nature with lot of procedural requirements which can take up a considerable amount of your precious time. However with the advent of online buying, purchasing life insurance is a matter of a few minutes. In 4 easy steps which are Select Policy, Calculate Premium, Submit Form, and Pay Premium you can buy a life insurance plan from Kotak Life Insurance. |
Efficiency of processing
Often while filling up paper forms, there is a lot of scope of error and missing out filling in important information, but our online process is highly efficient to eliminate any such errors. While buying the online life insurance plans, any critical miss in keying the data in the proposal form prompts an error message, thereby ensuring that you enter absolutely accurate information and there is no rework of filling the form again on your end. |
Ease of maintaining documentation
The online life insurance policy application form captures all the information that an offline form has and automatically replicates the information keyed in by you in easily downloadable PDF form. Similarly, you get the policy receipts in a soft copy format. You can store these records for your future reference and unlike the hard copy receipts; these records are not at a risk of damage. |
Complete transparency
You have easy access to your records like the date when you registered for the online insurance policy, the payment date and the list of all documents have you selected to be submitted.
E.g. when a customer opts for Kotak's online term insurance plan i.e. Kotak e-Term/e-Preferred Term, the customer gets an email in his/her registered email ID with attachments of the online term plan application form, documents selected to be submitted and the premium receipt. This helps in maintaining a checklist of documents that you opted to submit for your online term plan and also provides you an instant copy of your premium receipt and a PDF version of your application form. |
Anytime Insurance
You are not dependent on the agent to visit you and helping you out with the buying process. The advent of online life insurance plans has now provided you with freedom to opt for the plans anytime you wish to. |
Customer service support to assist in the buying process
The product details and product brochures for online life insurance plans are available on our website for your ready reference. In case if you need more information or assistance you can also call our toll free no. 1800-209-8800 and press ‘5' on IVR for any other information you require regarding the products. You can even drop your queries at kli.einsurance@kotak.com and we shall revert within the next 2 working days. |
Online proposal tracking
How easy do things become when you do not have to call anywhere to know the status of your insurance policy. The online medium provides you with a personal account from where you can track the status of your proposal.
Your personal tracker even saves the information on all the details you have keyed in while buying the online insurance plan and it provides you information on the pending steps to complete the buying process.
Let us say you are in the middle of filling the application form for your online term plan and you have to leave the process midway for some work. Your account will save all the information of your online term insurance application which you had filled in till that time.
So when you log into your account the very next time, you just have to continue from the stage you had left last time. |
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